83% Increase in Alpha Dhabi Holding Profits
Alpha Dhabi Holding announced its financial results for the first nine months ending September 30, 2024.
Those results are impressive, as the company made a huge growth with a net profit of AED 11.1 billion.
Moreover, the company achieved a profit of AED 7.5 billion in operational sector.
This profit represents 83% increase in comparison to the same period last year.
Reflecting sustained momentum across its primary business sectors.
Total Revenues
The group’s strong results highlight the precise execution of strategic plans across its core sectors.
Along with a commitment to value-added benefits for shareholders, strategic acquisitions, and investments since 2022.
Total revenues reached AED 44.2 billion, marking a 36% annual increase.
In addition to contributions from key sectors including:
- AED 18.5 billion from industrial
- AED 13.2 billion from real estate
- AED 7.6 billion from construction
- AED 4.9 billion from services
Alpha Dhabi strengthened its balance sheet with assets totaling AED 170.4 billion, an annual increase of 21%.
And also with a cash balance of AED 23.9 billion, and AED 93 billion in equity.
Continued Growth Momentum
Chairman Mohamed Thani Al Rumaithi highlighted that Alpha Dhabi’s strong achievements. and the continued growth momentum are driven by high-yield investments and acquisitions.
CEO Eng. Hamad Al Ameri also noted that the third-quarter results mark a milestone for Alpha Dhabi.
As it is reflecting robust growth rates and underscoring the company’s future-focused strategic investments across diverse sectors.
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Key Details About Alpha Dhabi Holding
Alpha Dhabi Holding is a prominent investment company based in Abu Dhabi, United Arab Emirates.
It operates in various sectors, including:
- Construction
- Healthcare
- Real Estate
- Hospitality
The company has been actively involved in significant acquisitions and strategic partnerships, driving its growth and diversification.
It is also listed on Abu Dhabi Securities Exchange (ADX).
Alpha Dhabi diverse portfolio has contributed to steady growth.
Along with strong performance across all business sectors adding to the group’s high financial performance.
